CCOE.TO is trading at CA$8.55, up 3.14%, as risk appetite rebounded after the prior session’s broad selloff.
- Strong U.S. jobs data supported equities.
- Cameco accounts for essentially all of the fund’s equity exposure, leaving CCOE.TO concentrated in one stock rather than diversified uranium holdings; the fund uses leverage and covered calls.
- The rally follows pressure on Cameco from a Q3 earnings miss and narrower 2026 production and delivery guidance, including the Key Lake maintenance disruption.